A)Define "Communities of Practice," Provide an Example of a Community

question 33

Essay

a)Define "communities of practice," provide an example of a community of practice,and explain their importance to organizational learning.
b)Notwithstanding the fact communities of practice tend to be informal systems often formed on their own,what specific actions should management undertake to foster and nurture the creation of communities of practice in their organizations

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Definitions:

Year-End Closing Process

The Year-End Closing Process involves finalizing a company's financial activities for the year, updating accounts, and preparing financial statements.

Net Income

The final earnings of a corporation once all costs, taxes, and expenses are subtracted from gross revenue.

Retained Earnings

Retained Earnings are the portion of a company's profits that are not distributed as dividends to shareholders but are instead reinvested in the business.